Filed January 20, 2023
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| Provider | Service type | Compensation |
|---|---|---|
Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Recordkeeping Fees | $325,555 |
CETERA ADVISOR NETWORKS LLC7 years Service code 55 2301 ROSECRANS AVE., #5100 · EL SEGUNDO, CA 902455670 | Other Commissions | $156,946 |
Filed as: EMPOWER ADVISORY GROUP, LLC Service code 28 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111 | Investment Management | $49,957 |
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Plan reported corrective distributions (failed ADP/ACP testing).
Auditor signed off without reservation - the cleanest possible opinion.
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $14,661 | $33,018-55.6% | $77,096-81.0% | $78,104-81.2% |
| Participation rate | 36.0% | 38.5%-2.5pp | 67.9%-31.9pp | 74.5%-38.5pp |
| Annual return | -11.39% | -7.47%-3.9pp | 42.35%-53.7pp | 10.90%-22.3pp |
| Employer contribution / active EE | $1,512 | $987+53.2% | $2,814-46.3% | $3,128-51.7% |
| Participant deferral / active EE | $2,964 | $2,365+25.3% | $4,429-33.1% | $5,089-41.8% |
| Admin fee / account holder | $109 | $108+0.9% | $5,428-98.0% | $79+38.5% |